[AP] - China's rapid expansion slowed in the latest quarter as Beijing cooled a credit boom and tried to steer growth to a more sustainable level, possibly reducing its contribution to a global recovery.

[AP] - China's rapid expansion slowed in the latest quarter as Beijing cooled a credit boom and tried to steer growth to a more sustainable level, possibly reducing its contribution to a global recovery.

The newly elected Chinese Premier Li Keqiang, has admitted that his country will face huge challenges as it attempts to reduce economic growth through the implementation of new reform measures.The Chinese government is set to introduce its market reforms in order to generate a period of stable growth after the economic expansion abruptly slowed during the first quarter of this year, after more than a decade of rapid expansion.Li explained that “as the size of the Chinese economy expands, China’s economic development is entering a range…

(BEIJING) — China’s economic growth slowed to a 24-year low of 7.4 percent in the first quarter, raising the risk of job losses and a potential impact on its trading partners.
The figure reported Wednesday by the government was down from the previous quarter’s 7.7 percent. It came in below the full-year official growth target of 7.5 percent announced last month.
Beijing is trying to guide China to slower, more sustainable growth based on domestic consumption rather than trade and investment following a decade of explosive expansion.

(BEIJING) — China’s economic growth slowed to a 24-year low of 7.4 percent in the first quarter, raising the risk of job losses and a potential impact on its trading partners.
The figure reported Wednesday by the government was down from the previous quarter’s 7.7 percent. It came in below the full-year official growth target of 7.5 percent announced last month.
Beijing is trying to guide China to slower, more sustainable growth based on domestic consumption rather than trade and investment following a decade of explosive expansion.